Question: please help with A and B is yes. Checl Simmons Corp. can borrow from its bank at 14 percent to take cash discount. The terms

please help with A and B is yes.

Checl Simmons Corp. can borrow from its bank at 14 percent to take cash discount. The terms of the cash discount are 1.5/20, net 35. a. Compute the cost of not taking the cash discount. (Use a 360-day year. Do not round intermediate calculations. Input your final answer as a percent rounded to 2 decimal places.) Cost of not taking a cash discount Book Hint b. Should the firm borrow the funds? Print No eferences Yes Prey 1 of 2 Next > 15 W

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